Akamai Technologies Sees Q1 EPS $1.59-$1.64 Vs $1.59 Est.; Revenue $980M-$1B Vs $993.43M Est.
Portfolio Pulse from Benzinga Newsdesk
Akamai Technologies projects Q1 EPS to be between $1.59 and $1.64, aligning with the lower end of the $1.59 estimate. Revenue is expected to range from $980M to $1B, slightly below the $993.43M estimate. The company anticipates a non-GAAP operating margin of 29-30%, a non-GAAP tax rate of 18.5-19%, and capital expenditures to represent 15% of revenue.
February 13, 2024 | 9:04 pm
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Akamai Technologies expects Q1 EPS of $1.59-$1.64, in line with estimates, and revenue of $980M-$1B, slightly below expectations.
The EPS guidance aligns with the lower end of analyst estimates, indicating a neutral to slightly positive outlook. However, the revenue forecast being slightly below estimates could temper investor enthusiasm, leading to a neutral short-term impact on the stock.
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IMPORTANCE 90
RELEVANCE 100